Analyst Consensus ?
ConsensusBuy16 ratings
Bullish1381.3%
Neutral318.7%
Bearish00.0%
Keysight Technologies, Inc. · KEYS · FY2025 Q4 · Calendar Q4 2025
Keysight Maintains FY2026 Outlook as AI Demand Broadens
The current analysis supports a constructive but conditional view: AI infrastructure, silicon photonics, defense and related product expansion are supporting growth, while maintained guidance and acquisition execution leave integration, tariff and demand-timing risks to monitor.
Reported After market closeNYSETechnology
$62.21B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.91
Consensus $1.83
EPS surprise
+4.4%
Reported versus consensus
Reported revenue
$1.42B
Consensus $1.38B
Revenue surprise
+2.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+10.0%
Event window
SPY move
+0.9%
Same window
Abnormal move
+9.1%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+5.0%
Up to 20 sessions
KEYSSPY benchmark
Ask FN2 about KEYS FY2025 Q4
Transcript, numbers and history already loaded
Why did KEYS rise 10.0% after beating EPS estimates in FY2025 Q4?What changed in KEYS's guidance and outlook in FY2025 Q4?Give me the bull and bear case for KEYS after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the current analysis shifts from raised guidance to maintained FY2026 guidance and places greater emphasis on the contribution and integration of the Spirent, Synopsys Optical Solutions Group and ANSYS PowerArtist acquisitions.
Guidance delta
Current analysis says FY2026 guidance was maintained; the prior quarter had raised guidance.
Key takeaways
- Current analysis describes Q4 FY2025 as exceeding expectations, with double-digit order growth and strong EPS performance.
- AI data-center build-outs, silicon photonics, 6G research and defense modernization were identified as growth drivers.
- Recent acquisitions broadened the portfolio and are projected to contribute revenue and synergies.
- The analysis says capital return is accelerating through an additional share-repurchase authorization.
Management priorities
- Scale the AI Data Center Builder product line
- Integrate Spirent, Synopsys Optical Solutions Group and ANSYS PowerArtist
- Advance silicon photonics and high-speed optical platforms
- Continue 6G, non-terrestrial-network and defense-related development
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$365.28Current
$150Low
$304.86Average
$440High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Aug 19, 2026 |
| UBS | Buy | Buy | Maintain | Aug 19, 2026 |
| Truist Securities | Hold | Hold | Maintain | Aug 19, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 19, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 19, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 19, 2026 |
| Citigroup | Buy | Buy | Maintain | May 21, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 14, 2026 |
| Jefferies | Hold | Hold | Maintain | Dec 10, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Aug 20, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 20, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 23, 2021 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 27, 2019 |
| Stifel | Buy | Buy | Maintain | Nov 27, 2019 |
Named analyst price targets
Upside is calculated against the persisted current price $365.28. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $425 | $319.23 | +16.3% | Aug 19, 2026 |
| UBS | Analyst unavailable | $440 | $323.15 | +20.5% | Aug 19, 2026 |
| Truist Financial | Analyst unavailable | $400 | $341.3 | +9.5% | Aug 19, 2026 |
| Susquehanna | Analyst unavailable | $440 | $341.3 | +20.5% | Aug 19, 2026 |
| Robert W. Baird | Quinn Fredrickson | $410 | $341.3 | +12.2% | Aug 19, 2026 |
| Wells Fargo | Analyst unavailable | $405 | $341.3 | +10.9% | Aug 19, 2026 |
| Barclays | Analyst unavailable | $429 | $341.3 | +17.4% | Aug 19, 2026 |
| Morgan Stanley | Meta Marshall | $400 | $322.05 | +9.5% | Jul 13, 2026 |
| Truist Financial | Analyst unavailable | $376 | $335.16 | +2.9% | May 21, 2026 |
| UBS | Analyst unavailable | $420 | $345.77 | +15.0% | May 20, 2026 |
| Morgan Stanley | Analyst unavailable | $350 | $346.58 | -4.2% | May 20, 2026 |
| Susquehanna | Analyst unavailable | $425 | $343.99 | +16.3% | May 20, 2026 |
| Wells Fargo | Analyst unavailable | $390 | $343.99 | +6.8% | May 20, 2026 |
| Robert W. Baird | Analyst unavailable | $385 | $343.99 | +5.4% | May 20, 2026 |
| Barclays | Analyst unavailable | $387 | $343.99 | +5.9% | May 20, 2026 |
| Susquehanna | Analyst unavailable | $415 | $346.32 | +13.6% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $305 | $361.55 | -16.5% | May 15, 2026 |
| Goldman Sachs | Analyst unavailable | $384 | $331.11 | +5.1% | Apr 14, 2026 |
| UBS | Analyst unavailable | $340 | $245 | -6.9% | Feb 24, 2026 |
| Susquehanna | Analyst unavailable | $300 | $245 | -17.9% | Feb 24, 2026 |
| Morgan Stanley | Meta Marshall | $268 | $245 | -26.6% | Feb 24, 2026 |
| Goldman Sachs | Mark Delaney | $322 | $245 | -11.8% | Feb 24, 2026 |
| Barclays | Tim Long | $320 | $245 | -12.4% | Feb 24, 2026 |
| Robert W. Baird | Analyst unavailable | $257 | $239.54 | -29.6% | Feb 20, 2026 |
| Robert W. Baird | Richard Eastman | $230 | $219 | -37.0% | Feb 2, 2026 |
| Goldman Sachs | Analyst unavailable | $243 | $214.29 | -33.5% | Jan 15, 2026 |
| Morgan Stanley | Analyst unavailable | $227 | $204.87 | -37.9% | Dec 17, 2025 |
| Jefferies | Saree Boroditsky | $220 | $210.52 | -39.8% | Dec 10, 2025 |
| Robert W. Baird | Analyst unavailable | $210 | $195.46 | -42.5% | Nov 26, 2025 |
| Jefferies | Analyst unavailable | $195 | $194.14 | -46.6% | Nov 25, 2025 |
| Susquehanna | Analyst unavailable | $225 | $190.57 | -38.4% | Nov 25, 2025 |
| Morgan Stanley | Analyst unavailable | $208 | $177.67 | -43.1% | Nov 25, 2025 |
| UBS | Analyst unavailable | $230 | $177.67 | -37.0% | Nov 25, 2025 |
| Wells Fargo | Aaron Rakers | $225 | $177.67 | -38.4% | Nov 25, 2025 |
| Barclays | Analyst unavailable | $232 | $177.67 | -36.5% | Nov 25, 2025 |
| Goldman Sachs | Mark Delaney | $232 | $177.67 | -36.5% | Nov 25, 2025 |
| UBS | Analyst unavailable | $220 | $183.51 | -39.8% | Nov 11, 2025 |
| Jefferies | Analyst unavailable | $180 | $169.47 | -50.7% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $180 | $171.1 | -50.7% | Oct 10, 2025 |
| Deutsche Bank | Matthew Niknam | $175 | $155.01 | -52.1% | Aug 23, 2024 |
| Goldman Sachs | Mark Delaney | $181 | $153.19 | -50.4% | Aug 21, 2024 |
| Bank of America Securities | David Ridley-Lane | $150 | $138.57 | -58.9% | Aug 21, 2024 |
| Susquehanna | Mehdi Hosseini | $185 | $154.42 | -49.4% | Aug 21, 2024 |
| Barclays | Tim Long | $158 | $138.57 | -56.7% | Aug 21, 2024 |
| Susquehanna | Mehdi Hosseini | $195 | $148.16 | -46.6% | May 21, 2024 |
| Robert W. Baird | Richard Eastman | $167 | $159.75 | -54.3% | May 21, 2024 |
| Goldman Sachs | Mark Delaney | $175 | $159.75 | -52.1% | May 21, 2024 |
| Barclays | Tim Long | $151 | $159.75 | -58.7% | May 21, 2024 |
| Barclays | Tim Long | $202 | $148.8 | -44.7% | May 16, 2023 |
| Industrial Alliance Securities | Mark Delaney | $196 | $185.2 | -46.3% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $184 | $183.1 | -49.6% | Dec 13, 2022 |
| UBS | Analyst unavailable | $205 | $173.59 | -43.9% | Nov 29, 2022 |
| Susquehanna | Analyst unavailable | $200 | $169.64 | -45.2% | Nov 18, 2022 |
| Deutsche Bank | Analyst unavailable | $190 | $170.36 | -48.0% | Nov 18, 2022 |
| Morgan Stanley | Analyst unavailable | $170 | $173.22 | -53.5% | Nov 14, 2022 |
| Deutsche Bank | Matthew Niknam | $193 | $169.29 | -47.2% | Aug 18, 2022 |
| Susquehanna | Mehdi Hosseini | $222 | $136 | -39.2% | May 18, 2022 |
| Goldman Sachs | Mark Delaney | $192 | $176.83 | -47.4% | Sep 26, 2021 |
| Bank of America Securities | David Ridley Lane | $181 | $166.69 | -50.4% | Aug 19, 2021 |
Track every rating change on KEYS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationKeysight Technologies, Inc. specializes in providing advanced electronic design and testing solutions to a diverse array of global industries, spanning commercial communications, networking, aerospace, defense, government, automotive, energy, semiconductor manufacturing, general electronics, and education. The company's operations extend across the Americas, Europe, and the Asia Pacific region. Its Communications Solutions Group focuses on electronic design automation (EDA) software and sophisticated radio frequency (RF) and microwave testing systems, along with associated software. This segment also delivers cutting-edge hardware and virtual platforms for network testing, addressing areas such as data centers, routing and switching, software-defined networking (SDN), security, and encryption.…
Historical context
All KEYS earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T11:06:08.328896+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T11:06:08.325983+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.